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Property profile & analytics
OFF-MARKET
Retail residential properties
11 Brg St New Hope, PA 18938-1302
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US73-1333962
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1820
Total area
1,057 SF
Lot
0.63 ac (27,530 SF)
Zoning code
CC
APN
27-010-046-001
UPID
US73-1333962
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Jaffron Restaurant
-
New Hope Spice Lover Restaurant
-
New Hope Art House Art Gallery
-
New Hope Partners LLP Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Steven I Gross · 22 yrs held
Steven I Gross
since 2004
7 recorded transactions
Zoning & alternative use
CC · New Hope, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New Hope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Hope submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$38,404
Tax year 2024
Assessed value
$251,600
Assessed 2024
Previous assessed
$251,600
+0.0% YoY
Effective rate
15.26%
On assessed value
Assessed land
$78,840
Assessed improvement
$172,760
Land market value
$1,079,995
Improvement market value
$2,366,565
Total market value
$3,446,560
Applied tax rate
27.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1820
Heating
CENTRAL
Cooling
NONE
Buildings
3
Stories
2
Total area
1,057 SF
Lot
0.63 ac (27,530 SF)
Zoning code
CC
APN
27-010-046-001
UPID
US73-1333962
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CC · New Hope, PA
Zoning CC · permitted uses
CC · New Hope, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Hope. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1820
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
3
Lot
0.63 ac
Current owner
From public records · entity-resolved
Steven I Gross
Individual
Mailing address
2655 PHILMONT AVE, HUNTINGDON VALLEY, PA 19006-5314
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2013
—
Steven I Gross
—
Deed Of Trust
related
$2,950,000 · First Choice Bank
May 15, 2008
—
Steven I Gross
—
Deed Of Trust
related
$1,200,000 · Bank Of America
Mar 1, 2004
—
Steven I Gross
Gross,steven I
Quit Claim Deed
related
—
Nov 5, 2003
—
Steven I Gross
—
Deed Of Trust
related
$1,400,000 · Wachovia Bank NA
Feb 26, 1999
—
Steven I Gross
New Hope Partners
Grant Deed
$1,200,000 · Summit Bank
—
—
New Hope Partners
—
Deed Of Trust
related
$1,100,000 · Willow Grove Bank
—
—
New Hope Partners
—
Deed Of Trust
related
$120,000 · Willow Grove Bank
—
—
Steven I Gross
—
Deed Of Trust
related
$1,283,000 · First Service Bank
—
—
Steven I Gross
—
Deed Of Trust
related
$985,000 · First Choice Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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